Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148527
Authors: 
Sheremeta, Roman M.
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 302
Abstract: 
Tournaments are commonly used in the workplace to determine promotion, assign bonuses, and motivate personal development. Tournament-based contracts can be very effective in eliciting high effort, often outperforming other compensation contracts, but they can also have negative consequences for both managers and workers. The benefits and disadvantages of workplace tournaments have been identified in an explosion of theoretical, empirical, and experimental research over the past 30 years. Based on these findings, suggestions and guidelines can be provided for when it might be beneficial to use tournaments in the workplace.
Subjects: 
tournaments
competition
contracts
workplace
JEL: 
J33
Persistent Identifier of the first edition: 
Document Type: 
Article

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